The Trick to Creating Multiple Streams of Passive Income EP200
ProjectME with Tiffany Carter – Entrepreneurship & Millionaire Mindset
Tiffany Carter
4.9 • 1.9K Ratings
🗓️ 6 May 2020
⏱️ 41 minutes
🧾️ Download transcript
Summary
If you want financial freedom versus getting rich, most of your fresh income needs to be passive.
Otherwise you end up being a slave to your business, which you created in order to have more freedom and flexibility in your schedule and life.
I know because this is what the first 7 years of my business felt like. Eventually, this lead to a major health crisis, which forced me to stop the presses, and have to learn an entirely new way of living and operating my business.
Fast-forward five years and now 70% of my fresh income is passive. Meaning, it requires very little regular effort to generate that income. 30% of my income is active, meaning I trade my time for money (ie. Coaching, speaking, sales training, podcasting).
This is freedom my Posse, and this is what I want so badly for all of you.
Let me teach you how to start incorporating passive income into your life and brand.
Remember it is one small step at a time. I started with investing an extra $200 a month into the stock market….then I started selling other people's products as an affiliate marketer, then I added my own products, and it all has now compounded into dozens of streams of passive income flowing in each month.
Welcome to ProjectME the Podcast with your host Tiffany Carter, who takes the mystery out of making BIG money. A former NBC and CBS TV journalist, turned multi-millionaire entrepreneur, teaching you all things wealth, health, worth, and business. You can follow Tiffany on Instagram @projectme_with_tiffany on Facebook @projectmewithtiffany and watch her TV episodes on ProjectME TV with Tiffany Carter on YouTube.
Transcript
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| 0:00.0 | Welcome to Project Me, the Project Me, the Podcast, I'm your host Tiffany Carter, the founder of Project Me, multi-millionaire entrepreneur, |
| 0:16.1 | former TV newscaster, money-making expert, female empowerment speaker, and self-proclaimed |
| 0:22.4 | office supply addict. |
| 0:24.2 | My mission is to take the mystery out of making big money. |
| 0:27.6 | Every week on Project Me the Podcast, I'll share success tips, strategies and stories from other entrepreneurs, experts and millionaires, |
| 0:36.3 | showing you exactly how you can achieve your most exceptional life. |
| 0:40.8 | Now let's get to it. Exciting announcement for all of my listeners. I've officially opened my exclusive group, the Project Me, Passive Income Posse, to the public. |
| 0:57.5 | This group is by application only so we can keep the group high vibe and spend our time, energy, and expertise only helping those of you who truly want massive success and impact. |
| 1:08.0 | You get live weekly trainings from me, special guest coaches, and direct access to me and my business partner for all of your questions. |
| 1:16.8 | To learn more and apply, go to ProjectMe with Tiffany.com, click on work with me and select Project Me Possie. |
| 1:24.0 | And of course any questions, feel free to DM me at Project Me with Tiffany Carter, the Podcast and Possie. I'm your host Tiffany |
| 1:38.9 | Carter and I am |
| 1:44.0 | am determined with this episode to get you guys on your way |
| 1:49.0 | to creating multiple sources of passive income into your business, into your brand, into your life. |
| 1:56.0 | This is where I feel true wealth is created. |
| 2:01.0 | For me, wealth is defined not just monetarily, but also by what that money brings. |
| 2:08.2 | It brings freedom. |
| 2:10.0 | It brings security. |
| 2:12.2 | It brings time. It brings time. |
| 2:13.7 | It brings luxury. |
| 2:16.0 | Whereas just making money, you know, I can make money all day long |
| 2:19.9 | trading time for money and then end up burnt out. |
... |
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